MIGHTY: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MIGHTY
Largest movements
- Cash +€301,837
up €301,837 (+159.0%), from €189,777 to €491,614
mainly Other debts (+€564,287) and Net result for the year (+€175,392)
- Current investments -€172,879
down €172,879 (-84.4%), from €204,720 to €31,841
- Receivables after one year -€85,000
no longer reported in 2025 (was €85,000)
- Receivables within one year +€67,341
up €67,341 (+52.5%), from €128,364 to €195,705
of which Other amounts receivable: +€88,450
- Tangible fixed assets -€9,088
down €9,088 (-41.2%), from €22,073 to €12,985
of which Furniture and vehicles: -€7,669
- Other debts +€564,287
up €564,287 (+861.0%), from €65,537 to €629,823
- Reserves -€471,373
down €471,373 (-86.6%), from €544,246 to €72,873
of which Distributable reserves: -€471,373
- Gross operating margin +€40,891
up €40,891 (+21.6%), from €188,938 to €229,829
- Taxes +€10,557
up €10,557 (+25.2%), from €41,882 to €52,440
- Financial income +€3,685
up €3,685 (+54.5%), from €6,760 to €10,445
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €637,350 | €737,382 | +€100,033 | +15.7% |
| Fixed assets | 21/28 | €22,073 | €12,985 | -€9,088 | -41.2% |
| Tangible fixed assets | 22/27 | €22,073 | €12,985 | -€9,088 | -41.2% |
| Plant, machinery and equipment | 23 | €2,112 | €693 | -€1,419 | -67.2% |
| Furniture and vehicles | 24 | €19,961 | €12,292 | -€7,669 | -38.4% |
| Current assets | 29/58 | €615,277 | €724,398 | +€109,121 | +17.7% |
| Amounts receivable after more than one year | 29 | €85,000 | - | -€85,000 | |
| Other amounts receivable | 291 | €85,000 | - | -€85,000 | |
| Amounts receivable within one year | 40/41 | €128,364 | €195,705 | +€67,341 | +52.5% |
| Trade receivables | 40 | €127,958 | €106,849 | -€21,109 | -16.5% |
| Other amounts receivable | 41 | €406 | €88,856 | +€88,450 | +21776.0% |
| Current investments | 50/53 | €204,720 | €31,841 | -€172,879 | -84.4% |
| Cash at bank and in hand | 54/58 | €189,777 | €491,614 | +€301,837 | +159.0% |
| Deferred charges and accrued income | 490/1 | €7,416 | €5,238 | -€2,178 | -29.4% |
| Total equity and liabilities | 10/49 | €637,350 | €737,382 | +€100,033 | +15.7% |
| Equity | 10/15 | €562,846 | €91,473 | -€471,373 | -83.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €544,246 | €72,873 | -€471,373 | -86.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €542,386 | €71,013 | -€471,373 | -86.9% |
| Amounts payable | 17/49 | €74,504 | €645,909 | +€571,406 | +767.0% |
| Amounts payable within one year | 42/48 | €73,970 | €644,542 | +€570,571 | +771.3% |
| Trade debts | 44 | €679 | €1,447 | +€767 | +113.0% |
| Suppliers | 440/4 | €679 | €1,447 | +€767 | +113.0% |
| Taxes, remuneration and social security | 45 | €7,755 | €13,272 | +€5,517 | +71.1% |
| Taxes | 450/3 | €7,755 | €13,272 | +€5,517 | +71.1% |
| Other amounts payable | 47/48 | €65,537 | €629,823 | +€564,287 | +861.0% |
| Accrued charges and deferred income | 492/3 | €533 | €1,367 | +€834 | +156.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,573 | €9,088 | -€485 | -5.1% |
| Other operating charges | 640/8 | €1,219 | €1,130 | -€90 | -7.4% |
| Gross operating margin | 9900 | €188,938 | €229,829 | +€40,891 | +21.6% |
| Operating profit (loss) | 9901 | €178,145 | €219,611 | +€41,466 | +23.3% |
| Financial income | 75/76B | €6,760 | €10,445 | +€3,685 | +54.5% |
| Recurring financial income | 75 | €6,760 | €10,445 | +€3,685 | +54.5% |
| Financial charges | 65/66B | €1,116 | €2,225 | +€1,109 | +99.4% |
| Recurring financial charges | 65 | €1,116 | €2,225 | +€1,109 | +99.4% |
| Profit (loss) for the period before taxes | 9903 | €183,789 | €227,832 | +€44,042 | +24.0% |
| Income taxes | 67/77 | €41,882 | €52,440 | +€10,557 | +25.2% |
| Profit (loss) for the period | 9904 | €141,907 | €175,392 | +€33,485 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €141,907 | €175,392 | +€33,485 | +23.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.